Trump Signs Order Extending China Tariff Cuts Through 2026 and Schedules April Beijing Summit With Xi

U.S. goods trade deficit with China fell 31.6% in 2025, dropping from $295 billion to $202 billion

China's effective tariff rate hit ~45% at its peak in mid-2025, then settled to 33.9% by January 2026 — up from roughly 3% before the trade war began

U.S. agricultural exports to China fell 54% in the first 8 months of 2025; USDA projects they could drop to $9 billion in 2026 — the lowest since the 2018 trade war

China mines 69% of the world's rare earths and processes over 80%; the U.S. has 1 active rare earth mine and sourced 71% of its imports from China in 2025

U.S. overdose deaths dropped to an estimated 71,542 in the 12 months ending October 2025 — down from a peak of ~110,000 in 2022